Bizizz Market Research has recently published a research report, “Kidney Transplant Market By Age Type (0-10, 11-17, 18-34, 35-49, 50-64 and Above 65), End-user (Hospitals, Transplant centres and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Kidney Transplant Market was valued at US$ XX Bn in 2018 and it is anticipated to reach a market value of US$ XX Bn by 2027, witnessing a CAGR of XX % during the forecast period. Key drivers of the market are rising geriatric population suffering from kidney ailments coupled with advanced treatment.
The global demand for a Kidney transplant is highly in demand which is a widely conducted transplantation globally. Its popularity increased by an improvement in the end-stage renal disease (ESRD) results in the patients. The latest kidney transplantation methods contributed to a rise of success rate in transplantation, kidney transplantation is known for its effective method in treating chronic kidney disease among patients. According to the report of the National Kidney Foundation in 2014, more than 3,000 new patients are getting registered in the waiting list of kidney transplantation every month worldwide. Increase in organ donations is stimulating the surgical methods that are projected to accelerate. The kidney transplantation is a costly surgical method but it is cost-effective in the Asia Pacific region that had fueled the importance of medical tourism in this region. A rise in the kidney transplantation from the time of kidney allocation system utilization had accounted for 8.7%.
The Kidney Transplant market is anticipated to register a CAGR of over XX% during the forecast period.
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By Age 50-65, the segment held a prominent share in the Global Kidney Transplant Market in 2018.
As per the report of the National Kidney Foundation, an age group of 50-65 is mostly facing issues related to the kidney due to various influencing factors related to health. However, there an increase in the geriatric population globally plunges the ailments and lead to supportive treatments that also include organ transplantation especially of Kidney transplantation. This age group population is most prone to health issues that are projected to dominate and lead to severe complexities concerned with kidney diseases. A rise in the number of deceased donors of the same age group are contributing to the kidney donation and supporting lives of the patients who need kidney transplantation by associated complications various complications associated with renal diseases.
North America is Anticipated to Dominate the Global Kidney Transplant Market during the Forecast Period (Please do capitalize each word)
The North American market estimated for more than 36.2% of global revenue share in a Kidney Transplant market in 2018 and such trend is anticipated to remain steady over the forecast period. It could be attributed to a plunge in the growing geriatric population in the North American region who are prone to kidney-related ailments. The region is significantly supporting the global demand of kidneys transplantation that is plunging awareness among the patients. Well established healthcare centres in this region cater to kidney transplantation to the recipients as well as donors. North America is also known as medical tourism by advancement in medical technologies and the latest medications that contributed to numerous global patients.
Global Kidney Transplant market was highly fragmented among the number of local and global players. The organizations involved in the kidney transplantation are offering the latest technological methods that are supporting them in increasing their competency.
Prominent players operating in the Global Kidney Transplant Market are Sanofi, Veloxis Pharmaceuticals A/S, Immucor, Inc., Novartis AG. Pfizer, Inc., Astellas Pharma, Hoffmann La Roche Ltd. Biocon Ltd., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
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